MGT100 - Types of Economies
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Fun
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12th Grade
•
Hard
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7 questions
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1.
FLASHCARD QUESTION
Front
Do all economies have to answer the economic questions differently?
Back
True
2.
FLASHCARD QUESTION
Front
What is another name for a free market economy?
Back
capitalism
3.
FLASHCARD QUESTION
Front
All of the following are an example of a type of economy EXCEPT: capitalism, socialism, communism
Back
democracy
4.
FLASHCARD QUESTION
Front
The U.S. like most other countries has a mixed economy.
Back
True
5.
FLASHCARD QUESTION
Front
The U.S. is founded on which type of economy?
Back
capitalism
6.
FLASHCARD QUESTION
Front
Type of economy where the gov't controls key industries such as banking, transportation, and communications.
Back
socialism
7.
FLASHCARD QUESTION
Front
Who answers the basic economic questions in a free market economy?
Back
Individuals
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